VESTING OF THIS RESTRICTED STOCK UNIT AWARD WILL BE A TAXABLE EVENT AND WILL RESULT IN THE RECOGNITION BY YOU OF ORDINARY INCOME IN AN AMOUNT EQUAL TO THE FAIR MARKET VALUE OF THE SHARES UNDERLYING THIS RESTRICTED STOCK UNIT AWARD THAT BECOME VESTED....Performance Based Restricted Stock Unit Award Agreement • October 2nd, 2009 • Adc Telecommunications Inc • Telephone & telegraph apparatus • Minnesota
To encourage your continued employment with ADC Telecommunications, Inc. (the “Company”) and the achievement of the Performance Requirements (as defined and set forth in Exhibit A), you have been granted this restricted stock unit award (the “Award”) pursuant to the Company’s 2008 Global Stock Incentive Plan (the “Plan”). The Award represents the right to receive shares of Common Stock of the Company subject to the fulfillment of the vesting conditions set forth in this agreement and in Exhibit A to this agreement (collectively, this “Agreement”).
